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The Latest Breaking News from Oil

Cop29 host Azerbaijan to hike gas output by a third over next decade

Environmentalists condemn news of higher forecast production which is also seen as a conservative forecast

The Guardian - UK

New North Sea oil licences 'make no real difference' to energy prices

OIL from new licences granted to North Sea producers and sent to UK refineries would account for less than 1 of the fuels used here in 2030,…

The National (Scotland)

Asian Stock Markets Retreat Amidst Wall Street's Worst Week

Stock markets in Asia retreat as Wall Street experiences its worst week since Halloween. Oil prices fall due to Saudi Arabia cutting prices to Asian market...

Top News

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Chennai oil spill: Despite promises, no compensation for thousands of families, allege residents

Residents of Tiruvottiyur’s wards four and six who claim to be affected by the oil spill caused by the Chennai Petroleum Corporation Limited in December have alleged that they were not considered for compensation. The ward councillors said the compensation assessment, undertaken by revenue officials, has overlooked thousands of affected…

Newslaundry

'Pushes us closer to the abyss': Former Azerbaijani oil executive to head COP29

Azerbaijan's ecology minister and former oil executive Mukhtar Babayev was on Friday appointed to lead the United Nations' annual climate talks in a move that has sparked concern among NGOs and environmentalists who voiced similar worries over last year’s COP28 chair Sultan Al Jaber, chief of the United Arab Emirates’…

France 24

Jeremy Hunt’s net zero target claims criticised by climate advisers

Climate Change Committee tells chancellor issuing new oil and gas licenses is ‘inconsistent’ with government’s temperature goals

The Guardian - UK

‘It opened a lot of old wounds’: Leonardo DiCaprio and Lily Gladstone on Killers of the Flower Moon

The co-stars of Scorsese’s epic, based on the true story of murders of Native people in 1920s Oklahoma, talk about the key role of the Osage people in the film’s making

The Guardian - UK

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Awash with fossil fuel money, African football is sowing the seeds of its own destruction

As Afcon kicks off under an oil firm’s banner, it is a tragic irony that the climate crisis is making the game ever more unsafe to play outdoors

The Guardian - UK

Rishi Sunak’s woes mount with oil bill rebellion, byelections and asylum row

Parliament returns for election year with a resignation over North Sea drilling and a fight over the Tories’ Rwanda plan

The Guardian - UK

In Frames | Birds on the skids in Ennore

News in frames: The oil spill in northern Chennai’s Ennore during Cyclone Michaung in early December adversely impacted the eco-sensitive Ennore Creek and the Kosasthalaiyar River.

The Hindu

ESPN Misidentifies Colts' Lucas Oil Stadium in Graphic

It's a mistake your dad might make.

Sports Illustrated

You Have To Remove 15 Screws And Five Clips To Change The Oil On A New Mustang GT

There's a cover over the bottom of the engine, and it doesn't have an access door for the filter.

Motor1

Hunt issues tax warning as cut in national insurance takes effect

Chancellor says while reduction to 10% will bring ‘significant relief’ pre-pandemic levels of tax can’t be achieved in one go

The Guardian - UK

Jeremy Hunt says buying first home a ‘real struggle’ after ‘not that difficult’ claim by NatWest chair

Chancellor also describes ‘lots’ of taxes as ‘pernicious’ as he again hints at more tax cuts to come in his Budget

The Independent UK

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Radio France Internationale

Azerbaijan names former oil executive to head Cop29 climate talks

Mukhtar Babayev, Azerbaijan’s Minister of Ecology and Natural Resources, has been named as president-designate of the Cop29 climate conference. He will be the second oil executive in a row to head the global environmental summit after UAE's Sultan Al Jaber in 2023.

Al Jazeera

‘They carry dreams’: Brown boxes of love, sent from the Gulf to India

Kerala migrant workers send cherished gifts – Tiger Balm, Axe Oil, Imperial bar soap – and connect with their families.

The Independent UK

New Mexico legislators back slower, sustained growth in government programs with budget plan

Leading New Mexico lawmakers are recommending a 5.9% increase in general fund spending for the coming fiscal year amid a windfall in oil-related income

International Business Times

Venezuela Enters Uncertain Election Year

Venezuela is due for elections in 2024. Then last October, the government agreed with the opposition to hold elections in the second half of 2024 with international observers present.

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news in one place.

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StockNews.com

POWR Stock of the Week Under $10: ProFrac Holding (ACDC)

Oil prices were nothing if not volatile last year, and nothing indicates this year will be any different. With prices trading at the bottom end of the range as we enter 2024, now may be a great time to take a look at some beaten down oil stocks. One company…

Marie Claire

The 18 Products Worth Your Money from Ulta’s Epic Love Your Skin Sale

Coming from a beauty-obsessed editor.

The Independent UK

Anger as oil and gas industry veteran chosen to lead next Cop climate talks

‘A dangerous and very unwelcome pattern is developing – the oil industry capture of the COP process,’ says Green Party co-leader

WEKU

Azerbaijan names a former oil executive to lead 2024 climate talks

Mukhtar Babayev, has been named to lead the United Nations' annual climate talks later this year, prompting concern from some climate activists over his former ties to the state oil company.

Barchart

Crude Settles Higher on Dollar Weakness and Global Supply Concerns

February WTI crude oil (CLG24 ) on Friday closed up +1.62 (+2.24%), and Feb RBOB gasoline (RBG24 ) closed down -0.46 (-0.22%). Crude oil and gasoline prices on Friday settled mixed, with crude posting a 1-week high. A reversal in the dollar Friday boosted energy prices after the dollar index...

Barchart

NY Sugar Slightly Higher on Strength in Crude

March NY world sugar #11 (SBH24 ) on Friday closed up +0.03 (+0.14%), and March London ICE white sugar #5 (SWH24 ) closed unchanged. Sugar prices on Friday settled little changed. Strength in crude oil supports sugar prices as WTI crude (CLG24 ) Friday rallied to a 1-week high. Higher...

The Independent UK

Former energy minister quits Conservatives over approval of new oil drilling

Britain’s former energy minister is quitting the Conservative Party and stepping down as a lawmaker over the government’s backtracking on its environmental commitments

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